Alex Nain Saab Morán and Alvaro Enrique Pulido Vargas are both accused of exploiting two of Venezuela’s public programmes which were set up to supply poor Venezuelans with affordable foodstuffs and housing. They are alleged to have benefitted from improperly awarded contracts, where promised goods were delivered at highly inflated prices. Alex Saab was extradited to the United States in October 2021 and charged with money laundering, accused of moving $350 million out of Venezuela into the US and other countries. [1] [2]
Information
| IDENTIFYING INFORMATION | Businessman |
| DATE OF BIRTH | 21.12.1971 |
| PLACE OF BIRTH | Barranquilla Atlantico, Colombia |
| NATIONALITY | Colombia, Venezuela |
| COUNTRY OF RESIDENCE | United States |
| FULL NAME | Alex Nain Saab Morán |
| FIRST AND MIDDLE NAME(S) | Alex Nain |
| ALIASES | None |
| FAMILY MEMBERS | Rosa María Morán - mother Camilla Fabri - spouse Shadi Nain Saab Certain, Isham Ali Saab Certain - children Amir Luis Saab Morán, Luis Alberto Saab Morán - siblings |
| FAMILY MEMBERS SUBJECT TO SANCTIONS | None |
| SUSPECTED OR CONFIRMED LINKS TO LEGAL ENTITIES | Asasi Food FZE, Mulberry Proje Yatirim Anonim Sirketi (Mulberry), and the Group Grand Limited. [1] |
| SUSPECTED OR CONFIRMED LINKS TO BANK ACCOUNTS | Bank accounts in the US, Liechtenstein, United Arab Emirates, and Switzerland. [1] [2] |
| ESTIMATES OF ASSETS FROZEN OR CONFISCATED | $12 million frozen from his U.S. bank accounts. [1] $700 million on accounts in Liechtenstein. [2] |
| ESTIMATES OF ASSETS RETURNED | None |
| SANCTIONS REGIMES | UK Global Anti-Corruption Sanctions. [1] |
| START OF SANCTIONS | 22.07.2021 [1] |